AC

ECB’s Praet Confident of Inflation Recovery Even After QE Ends … BBG July 03, 2018 at 05:30PM

ECB’s Praet Confident of Inflation Recovery Even After QE Ends … BBG

 

ECB’s Praet Confident of Inflation Recovery Even After QE Ends

FRANKFURT (Reuters) – The European Central Bank’s chief economist said on Tuesday he was confident inflation in the euro zone will continue accelerating toward the ECB’s target of just under 2 percent even after the end of its massive bond purchases.

“The underlying strength of the euro area economy, together with well-anchored, longer-term inflation expectations, provides grounds to be confident that the sustained convergence of inflation will continue in
the period ahead, even after a gradual winding-down of net asset purchases,” he told an event in Bucharest.

Read More: ECB’s Praet Confident of Inflation Recovery Even After QE Ends … BBG

gbpusd gbp-usd

Categories: AC, FC, P500, SGM

Tagged as: ,